Question

Austin, Aiden, and Zara wanted to open A2Z Sports Bar that serves a unique offering of beer, weekend entertainment, and a limited menu of appetizers. In one of the preliminary meetings, Zara presented a list of reasons that small businesses fail. Although many of the ideas on this list were applicable to many types of business, one challenge pertained specifically to the restaurant and bar business. The challenge he referred to was _________.

Answer 1

Answer: Some of the small and relatively easy start up businesses have the least growth and greatest failure rate

Explanation: A business is any activity entered into with the aim of making profit. It could be a sole proprietorship, partnership, limited liability company or LLC.

Business especially small and medium scale enterprise face challenges as they often times struggle to stay in business and experience growth.

The idea of A2Z Sports bar fallls under the small and medium scale enterprise that may also face similar challenge.